Stomil Olsztyn shareholders agree truce with Michelin

Minority shareholders in tire-maker Stomil Olsztyn have agreed to withdraw plans aimed at forcing majority shareholder Michelin to pay compensation for the alleged transfer of funds from Stomil Olsztyn to Michelin headquarters. During 13 hours of talks they also agreed to hold the next shareholders meeting on April 4, when they will agree on which company will be hired to perform an internal audit. Other matters to be discussed at the meeting will be the terms and conditions under which Michelin could acquire the stakes of those shareholders who are willing to sell them, as well as a corporate structure acceptable to all remaining shareholders in the company. (Gazeta Wyborcza, March 2-3, p. 28; Rzeczpospolita, March 2-3, p. B3) A.K.